Home > Term: क्षतिपूरक विभिन्नता
क्षतिपूरक विभिन्नता
An amount of money that just compensates a person, group, or whole economy, for the welfare effects of a change in the economy, thus providing a monetary measure of that change in welfare. Same as willingness to pay. Contrasts with equivalent variation.
- Part of Speech: noun
- Industry/Domain: Economy
- Category: International economics
- Company: University of Michigan
0
Creator
- mitraashutosh
- 100% positive feedback
(India)